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Stegra and Uniper enter 6 TWh electricity agreement

Stockholm, 27 November 2024 –Stegra and Uniper have signed a long-term agreement for the supply of 6 TWh of electricity to Stegra’s plant in Northern Sweden.In a long-term power purchase agreement (PPA) with Uniper, Stegra secures a yearly supply of electricity produced over the 6-year period ranging from 2027-2032, covering a total of 6 TWh. Stegra’s plant in Boden will produce green hydrogen, green iron and green steel, at large scale. The initial annual volume will be 2.5 million tonnes of green steel and operations will start in 2026. Significant volumes of electricity are needed

Stegra and Axpo sign 2 TWh electricity deal

Axpo Nordic and Stegra have signed a power purchase agreement for the supply of electricity to Stegra’s integrated green hydrogen, green iron and green steel production plant in Boden, northern Sweden.Under the agreement, Axpo Nordic will supply 2.25 TWh of electricity over three years, starting in 2027, to Stegra’s facility in Boden, which is currently under construction. Both parties see this agreement as the beginning of a longer business relationship and an important element of the electricity supply to Stegra’s plant, which will produce green hydrogen, green iron and green steel at

H2 Green Steel changes name to Stegra

The industrial scale-up H2 Green Steel is changing its name to Stegra. The company’s purpose is to decarbonize hard to-abate industries. Stegra will do so by leveraging all three platforms it works with: green hydrogen, green iron and green steel.H2 Green Steel was launched in 2021 to reduce emissions in the steel industry on a very ambitious timeline. By showing that it can be done, the company also aimed to inspire the incumbent steel industry to speed up the pace of change. Having secured funding of €6.5 billion and being well on its way to building the world’s first large-scale green

H2 Green Steel supports Lindab in reducing its CO\2\ footprint from steel

Lindab committed very early to purchasing near-zero emissions steel from H2 Green Steel. The two companies have since converted the early term sheet agreement into a 7-year supply contract with deliveries planned to start in 2026. The total volume covered by the contract is 159.000 tons of near-zero emissions steel.Lindab delivers solutions for energy-efficient ventilation and a healthy indoor climate to the construction industry. Buildings account for 40% of global energy consumption. Efforts to increase energy efficiency in the construction sector are therefore crucial to achieving the

H2 Green Steel raises more than €4 billion in debt financing for the world’s first large-scale green steel plant

H2 Green Steel signs definitive debt financing agreements for €4.2 billion in project financing and increases the previously announced equity raised by €300 million. Total equity funding to date amounts to €2.1 billion. The company has also been awarded a €250 million grant from the EU Innovation Fund. H2 Green Steel has now secured funding of close to €6.5 billion for the world's first large-scale green steel plant in Northern Sweden.H2 Green Steel is driving one of the largest climate impact initiatives globally. The company was founded in 2020 with the purpose to decarbonize hard-to-

KIRCHHOFF Automotive and H2 Green Steel in €130 million deal for supply near zero emissions steel

Global supplier to the automotive industry, KIRCHHOFF Automotive, signs 7-year agreement with H2 Green Steel for the delivery of near zero emissions steel from Boden.By teaming up with the Swedish impact company H2 Green Steel, KIRCHHOFF Automotive takes further steps to decarbonize its supply chain and to achieving its sustainability goals. “The message from our customers is clear, they want to see products with lower CO\2\ footprint. This matches our ambitions to be in the forefront of sustainable development in the industry, as well as our legacy where sustainability has always been

Purmo Group in 7-year agreement with H2 Green Steel for near zero emission steel supply

Purmo Group, a leader in sustainable indoor climate comfort solutions, has entered into a binding agreement with H2 Green Steel, for the delivery of 140,000 tonnes of green steel during 2026-2033.The deliveries will support Purmo Group in its further advancement in sustainability. Steel represents approximately 50% of all raw material purchases in the Group.  “This is an excellent collaboration with H2 Green Steel and another milestone in our sustainability journey towards carbon neutrality. With this agreement, we will be pioneers in our industry, securing the supply of green steel and

Porsche plans to use CO\2\-reduced steel from H2 Green Steel in sports cars from 2026

Porsche AG and the Swedish industrial start-up H2 Green Steel have signed an agreement for the supply of CO\2\-reduced steel. The aim is to further improve the emissions balance of Porsche vehicles by using CO\2\-reduced steel.H2 Green Steel plans to produce steel using renewable electricity in Boden, Sweden, starting end of 2025. From 2026, Porsche and various direct Porsche suppliers of production material are to be supplied with near zero-emission steel from the company. This agreement marks the second contract between H2 Green Steel and a company in the Volkswagen Group, following that

H2 Green Steel is the first manufacturing company to join Exponential Roadmap Initiative as Climate Solutions Company

By recognizing H2 Green Steel as a Climate Solutions Company, the Exponential Roadmap Initiative, a partner of the UN-backed Race to Zero, validates the Swedish industrial start-up’s plan to deliver significant emissions reductions compared with traditional steel manufacturing.The Exponential Roadmap Initiative was launched to accelerate climate action and solutions through the exponential scaling of ground-breaking products, services and projects. H2 Green Steel is a living example of such a project as it was founded in 2020 to accelerate the decarbonization of the steel industry. By

H2 Green Steel collaborates with Volvo Group for supply of near zero emissions steel

H2 Green Steel collaborates with Volvo Group for supply of near zero emissions steel.As commercial vehicles increasingly run on electrified solutions, reducing the emissions when the product is in use, the environmental footprint from the supply network and production becomes increasingly important. Since steel is one of the main input materials in the manufacturing of trucks, buses and construction machines, a shift towards green steel is a vital element for Volvo Group’s continued journey towards decarbonization. “Collaborations which support our work to reduce emissions are crucial on

Ingka Group (IKEA) and H2 Green Steel sign agreement for the supply of green steel across its warehouse operations

Today, Ingka Group, the largest IKEA retailer, announces it has signed an agreement with H2 Green Steel for the delivery of green steel, to be used in IKEA warehouse racking. The agreement forms part of Ingka Group’s ongoing action to reduce its climate footprint and will account for 50 percent of warehouse racking purchased globally.Steel is one of the biggest contributors to global GHG emissions (7 percent) and is responsible for 25 percent of Europe’s industrial CO\2\ emissions[1]. For Ingka Group, warehouse racking – used to store everyday home furnishing items – is an important and

H2 Green Steel raises €1.5 billion in equity to build the world’s first green steel plant

In the largest private placement in Europe this year, H2 Green Steel has raised about €1.5 billion in equity from an investor group led by Altor, GIC, Hy24 and Just Climate. The round will finance the world’s first large-scale green steel plant and Europe’s first giga-scale electrolyzer.The private placement is co-led by new investor Hy24, together with existing investors Altor, GIC and Just Climate. The transaction also includes new investors Andra AP - fonden and Temasek as well as a group of existing investors that continue to support H2 Green Steel with additional equity funding,

H2 Green Steel and Vale in agreement for the supply of direct reduction iron ore pellets

H2 Green Steel has entered an agreement for the supply of direct reduction iron ore pellets with Vale to its steel plant in northern Sweden.In a multi-year agreement, Vale will supply H2 Green Steel with iron ore pellets as input material for its steel mill in Boden. Vale is a Brazilian mining company and the world’s largest supplier of direct reduction pellets. “Vale has followed the developments of the green transition of the steel industry in northern Sweden closely and now chooses to take an active role in contributing to it. H2 Green Steel is pushing the entire value chain of steel

H2 Green Steel signs agreements with Rio Tinto for direct reduction iron ore pellets and hot briquetted iron

H2 Green Steel is partnering with Rio Tinto, a leading global metals and mining company, for the supply of direct reduction iron ore pellet for its green steel production in Sweden.The two companies have signed a multi-year supply agreement for direct reduction iron ore pellets (DR Pellets) from Rio Tinto’s Iron Ore Company of Canada (IOC) which will account for a significant part of the iron ore supply to H2 Green Steel’s flagship plant in Boden, Sweden. Additionally, the companies have signed an agreement whereby Rio Tinto will purchase and on-sell a part of the surplus low-carbon hot

H2 Green Steel in 1.5 billion Euro agreement with ZF

H2 Green Steel has signed a 7-year binding agreement with ZF, one of the biggest suppliers to the automotive industry globally. Deliveries of near zero emissions steel are set to begin in 2026.ZF directly and indirectly processes around 2.5 million tonnes of steel per year worldwide. This agreement covers a significant share of ZF’s yearly steel volumes, making it strategically important in the company’s efforts to decarbonize its operations. ZF has a strong sustainability strategy and aims to be climate neutral by 2040, including value chain emissions. This agreement, valued at 1.5

Scania places first green steel order in further step towards decarbonized supply chain

Landmark agreement will see H2 Green Steel provide sustainable material for building Scania trucks.Scania is taking a massive step towards decarbonizing its supply chain by placing its first order for green steel. The initial contract with H2 Green Steel will provide Scania with sustainably produced steel for building its trucks, allowing the company to take another big step towards reducing the climate footprint of its vehicle manufacturing. Production will begin at H2 Green Steel’s new plant in Boden, northern Sweden, in 2025, with deliveries of the sustainable material set for 2027.

Cargill and H2 Green Steel sign multi-year offtake contract to supply near zero-emission steel

Cargill (Cargill Metals) has entered into a multi-year agreement with Swedish industrial startup H2 Green Steel for the supply of green steel. The agreement aims to accelerate global ferrous supply chain decarbonization.Cargill joins a growing list of customers of H2 Green Steel, further validating the demand for near-zero emission steel. The agreement marks another major step for Cargill toward its vision to shape a responsible and sustainable ferrous supply chain that helps the world thrive.    “Today’s announcement marks another strategic milestone in advancing our sustainability

Mercedes-Benz and H2 Green Steel announce agreements in both Europe and North America

Mercedes-Benz and H2 Green Steel have signed a binding agreement for the delivery of about 50.000 tonnes of green steel to the car maker’s European production annually. In a pioneer move Mercedes-Benz has also signed a memorandum of understanding with H2 Green Steel for the potential supply of green steel produced in North America.Mercedes-Benz was an early investor in H2 Green Steel and was also early out in confirming customer demand for green steel through an offtake agreement. This agreement has now been further developed into a binding agreement covering volumes of about 50.000 tonnes

H2 Green Steel receives full environmental permit for Boden plant

The Land- and environmental Court in Umeå, Sweden, today communicated their decision to grant H2 Green Steel a full environmental permit for its plant in Boden. The permissibility permit came already on July 1 2022, enabling start of construction. With a full permit, the company also has permission to start operations at the plant.Through constructive cooperation between authorities, local communities and other reviewing stakeholders, the environmental permit  for H2 Green Steel’s ultra-modern plant for the production of green steel, green iron and green hydrogen in Boden in northern Sweden,

H2 Green Steel signs agreement with Port of Luleå: A crucial step for both parties

H2 Green Steel and Port of Luleå have signed a cooperation agreement. Under the agreement, H2 Green Steel chooses the port in Luleå as its primary logistics and transportation hub for intermediate goods and products to be transported to and from its new steel mill in Boden.In the fall of 2022, a letter of intent was signed between H2 Green Steel, Port of Luleå and the port’s owner, Luleå Municipality. Throughout 2023, a collaboration agreement has been negotiated and is now signed by both parties. The agreement guarantees H2 Green Steel access to the Port of Luleå and commits the steel

thyssenkrupp nucera and H2 Green Steel partner for one of the largest electrolysis plants globally

The agreement between the Germany-based specialist for high-efficient water electrolysis, thyssenkrupp nucera, and the Swedish industrial start-up H2 Green Steel, secures capacity of more than 700MW for H2 Green Steel’s electrolysis plant in Boden – making it one of the world’s largest electrolysis plants announced to date.The agreement with thyssenkrupp nucera will cover alkaline water electrolysis technology (AWE) and large-scale electrolysis plant engineering. thyssenkrupp nucera has a proven track record with more than 600 installed projects and over 10 GW capacity in the chlor-alkali

H2 Green Steel in €1.79 billion green steel deal with Marcegaglia

H2 Green Steel has signed a 7-year agreement with Italian steel group Marcegaglia. The agreement will cover delivery of green steel from H2 Green Steel’s plant in Boden, Sweden, to Marcegaglia’s operations in Southern Europe, UK and Poland.Marcegaglia is a family-owned company and a leading player in the European steel industry. They have 37 steel plants across three continents with core business activities that cover flat and welded pipes insulation, construction, and guardrail divisions, stainless steel long products, flat products, tubes and cold drawn bars and heavy plates.  “H2

SPM and H2 Green Steel sign 5 year supply agreement for green steel

UK-based steel service center SPM (Steel Processing Midlands) has entered into a supply agreement with H2 Green Steel. The green steel will be delivered from H2 Green Steel’s flagship plant in northern Sweden and will amount to 25 percent of SPM’s annual volumes.Steel Processing (Midlands) Ltd is a privately owned steel and processing business with customers primarily in the automotive and construction industries based in the UK. H2 Green Steel was launched 2021 with a purpose to accelerate the decarbonization of hard-to-abate-industries, starting with steel. Construction of a modern and

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